Gold Coast Mining Announces Corporate Update

1.The Company received a revised term sheet fromGelpid, our judgment holder, yesterday and is being reviewed. The Companybelieves that good progress is being made.

2.In conversations with one of Gelpid's principalsand through additional due diligence into the marijuana industry, theCompany believes that opportunity exists to participate in the growth viaacquisition/construction of "turn-key" grow facilities, as well as, retaildispensary locations. Both would have identical looks to create arecognizable brand for roll out into other locations/states as laws arechanged.

3.Given the capital required to pursue thisstrategy, the Company, via its subsidiary, would propose to be the generalpartner and raise capital from private investors. Obviously, the Companywould retain an interest and control the brand.

4.This real estate strategy would complement the privatebusiness or be a standalone business line.

5.The new subsidiary is being worked on with theCompany's legal advisor

6.Lastly, the remaining four items have not beensupplied to the Company's auditors. The blame is squarely on the CEO andthis will be accomplished by next week. The audits are a critical piece ofthe overall strategy.

ABOUT GOLD COAST MINING

Gold Coast Mining Corp. is a holding company with interests in the mining and energy sectors. The Company's goal is create a vertically integrated oil division and continue its diversification into other high growth industries. The primary goal is generate cash flow to sustain and grow profitability.

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance.